Arsenal youngster Folarin Balogun is set to sign a new contract at the Gunners, having reportedly rejected a deal from Bayer Leverkusen.

Balogun has been the subject of many reports over the past 12 months, with the English youngster’s contract set to expire in the summer.

The talented 19-year-old was linked with a move to Sheffield United last September, but the Blades signed Liverpool’s Rhian Brewster instead.

Balogun was then linked with a move to RB Leipzig back in January, with reports suggesting the player had signed an agreement in principle to join them.

However, those reports now look to be wide of the mark. According to Sky Sports, Balogun is close to signing a new long-term deal with Arsenal.

It is said that Mikel Arteta and technical director Edu have ‘convinced’ Balogun his future lies with Arsenal.

Fabrizio Romano has also revealed on Twitter that Balogun rejected an ‘important contract bid’ from Bayer Leverkusen to sign a new contract with Arsenal.

He also explained that RB Leipzig had never been in the race to sign Balogun and that his new deal with Arsenal will last until 2025.

Folarin Balogun is gonna turn down an important contract bid from Bayer Leverkusen to stay at Arsenal. RB Leipzig have never been in the race.

Balogun is now set to sign a new contract with Arsenal until 2025, the agreement is ‘imminentm as @David_Ornstein reported ⚪️